Business Today: Wall Street set to soar on euro zone rescue plan

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Good Morning Robert, MON 10 May 2010 
 
Wall Street set to soar on euro zone rescue plan
Rescue plan fires stock rally, euro gains
European banks buy bonds after $1 trillion rescue package
Exchanges summoned to DC after market plunge
Goldman warns of more litigation, investigations
No end in sight to spill as BP costs mount
McDonald's April same-store sales up 4.9 percent
U.S.'s LaHood: "time will tell" if Toyota has changed
Bank of England holds rates, no change on QE
Warren Buffett's son preaches values as wealth


Wall Street set to soar on euro zone rescue plan
May 10, 2010 08:08 AM ET
NEW YORK (Reuters) - U.S. stock index futures pointed to a more than 4 percent gain at the open on Monday after a $1 trillion global emergency rescue package was launched, quelling contagion fears and sending European stocks surging.

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Rescue plan fires stock rally, euro gains
May 10, 2010 08:03 AM ET
LONDON (Reuters) - Financial markets climbed away from a potential abyss on Monday after the European Union and International Monetary Fund agreed a bumper rescue package to prevent a sovereign debt crisis spreading.

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European banks buy bonds after $1 trillion rescue package
May 10, 2010 07:24 AM ET
BRUSSELS (Reuters) - European central banks began buying euro zone government bonds under a $1 trillion global emergency rescue package agreed on Monday, sending the euro and European stocks and bonds surging on relieved markets.

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Exchanges summoned to DC after market plunge
May 10, 2010 07:51 AM ET
NEW YORK/WASHINGTON (Reuters) - The heads of leading U.S. stock market operators have been called to Washington for an emergency meeting on Monday, days after a spine-chilling plunge in stock prices continued to perplex U.S. regulators.

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Goldman warns of more litigation, investigations
May 10, 2010 08:20 AM ET
NEW YORK (Reuters) - Goldman Sachs Group Inc, facing fraud charges from U.S. securities regulators, on Monday warned that more litigation and investigations could be coming.

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No end in sight to spill as BP costs mount
May 10, 2010 07:51 AM ET
ROBERT, Louisiana (Reuters) - BP Plc said on Monday it had incurred $350 million in costs so far from the huge oil spill in the Gulf of Mexico as fears mounted of a prolonged and growing environmental and economic disaster.

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McDonald's April same-store sales up 4.9 percent
May 10, 2010 08:24 AM ET
NEW YORK (Reuters) - McDonald's Corp reported a 4.9 percent rise in April sales at established restaurants as the pace of sales in the United States and Europe, its largest markets, slowed from March.

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U.S.'s LaHood: "time will tell" if Toyota has changed
May 10, 2010 08:11 AM ET
TOYOTA CITY, Japan (Reuters) - U.S. Transport Secretary Ray LaHood said he was encouraged by the steps Toyota Motor Corp has put in place to improve vehicle safety, but stressed he will be convinced only when its cars actually become safer.

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Bank of England holds rates, no change on QE
May 10, 2010 07:09 AM ET
LONDON (Reuters) - The Bank of England kept interest rates at 0.5 percent and made no change to its asset purchase target on Monday, keeping in place stimulus measures designed to nurse the economy back to health.

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Warren Buffett's son preaches values as wealth
May 10, 2010 08:34 AM ET
NEW YORK (Reuters) - The son of billionaire investor Warren Buffett has an old-world spiritual message for today's money-rich parents: teach your children values and do not give them everything they want.

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